T. Rowe Price Group, Inc. (TROW) to Issue Quarterly Dividend of $1.30 on June 29th

Posted by on Jun 13th, 2026

T. Rowe Price Group, Inc. (NASDAQ:TROW – Get Free Report) declared a quarterly dividend on Thursday, May 7th. Investors of record on Monday, June 15th will be given a dividend of 1.30 per share by the asset manager on Monday, June 29th. This represents a c) annualized dividend and a dividend yield of 4.7%. The ex-dividend date is Monday, June 15th.

T. Rowe Price Group has raised its dividend payment by an average of 0.1%per year over the last three years and has raised its dividend annually for the last 39 consecutive years. T. Rowe Price Group has a payout ratio of 61.8% indicating that its dividend is sufficiently covered by earnings. Analysts expect T. Rowe Price Group to earn $9.65 per share next year, which means the company should continue to be able to cover its $5.20 annual dividend with an expected future payout ratio of 53.9%.

T. Rowe Price Group Stock Up 1.3%

Shares of T. Rowe Price Group stock opened at $109.64 on Friday. The firm has a market cap of $23.49 billion, a P/E ratio of 11.75, a P/E/G ratio of 5.54 and a beta of 1.50. T. Rowe Price Group has a fifty-two week low of $85.22 and a fifty-two week high of $118.22. The business has a 50-day moving average price of $100.82 and a 200 day moving average price of $99.62.

T. Rowe Price Group (NASDAQ:TROW – Get Free Report) last announced its quarterly earnings data on Thursday, April 30th. The asset manager reported $2.52 earnings per share for the quarter, beating the consensus estimate of $2.37 by $0.15. The firm had revenue of $1.86 billion during the quarter, compared to analyst estimates of $1.85 billion. T. Rowe Price Group had a return on equity of 20.60% and a net margin of 28.28%.T. Rowe Price Group’s quarterly revenue was up 5.3% on a year-over-year basis. During the same period in the previous year, the company earned $2.23 earnings per share. As a group, equities research analysts anticipate that T. Rowe Price Group will post 9.63 earnings per share for the current year.

Analysts Set New Price Targets

Several brokerages recently weighed in on TROW. Weiss Ratings reissued a “hold (c)” rating on shares of T. Rowe Price Group in a report on Friday, May 8th. The Goldman Sachs Group boosted their price objective on T. Rowe Price Group from $85.00 to $90.00 in a report on Friday, May 1st. Barclays boosted their price objective on T. Rowe Price Group from $87.00 to $89.00 and gave the company an “underweight” rating in a report on Friday, May 1st. Jefferies Financial Group lowered their price objective on T. Rowe Price Group from $107.00 to $91.00 and set a “hold” rating for the company in a report on Wednesday, April 8th. Finally, Evercore boosted their price objective on T. Rowe Price Group from $106.00 to $111.00 in a report on Monday, June 8th. Eleven analysts have rated the stock with a Hold rating and four have issued a Sell rating to the company. According to MarketBeat.com, T. Rowe Price Group currently has a consensus rating of “Reduce” and an average target price of $100.08.

Check Out Our Latest Stock Report on TROW

T. Rowe Price Group Company Profile

(Get Free Report)

T. Rowe Price Group, Inc is a global investment management firm headquartered in Baltimore, Maryland, founded by Thomas Rowe Price Jr. in 1937. The company provides a broad range of investment products and services for individual investors, financial intermediaries, retirement plan sponsors and institutional clients. Its offerings are built around active investment management and in-house research across equity, fixed income and multi-asset strategies, reflecting a long history as a research-driven asset manager.

The firm’s product lineup includes mutual funds, separate accounts, collective investment trusts, target-date and target-risk funds, and managed account solutions, as well as services for defined contribution and defined benefit retirement plans.

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Dividend History for T. Rowe Price Group (NASDAQ:TROW)

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